If an investor can use accounting information for two different companies to evaluate the types and amounts of expenses, the information is said to have the quality of
a. Comparability
b. Consistency
c. Neutrality
d. Understandability
a
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Adam Smith's book, The Wealth of Nations, is a source of support for some elements of antitrust law.
Answer the following statement true (T) or false (F)
Cami has noted that her industrial processing company is dumping toxic chemicals into a nearby river but hiding the action through bookkeeping tricks. She has ample evidence of the behavior and is ready to make her first move by calling a government whistleblower hotline. But when she consults an attorney, she is advised not to make the call yet. What did the attorney likely tell her?
a. Whistleblowing should be limited to financial services fraud. b. Whistleblowing should not be pursued in this case because Cami is likely to lose her job. c. Cami has not yet demonstrated that the behavior is causing direct harm to people. d. Cami has not yet tried to communicate her concerns to anyone inside the company.
The BLOB, CLOB, and NCLOB objects can all be stored internally and are typically stored in a separate tablespace from database tables to enable optimization of the attributes of each tablespace for the type of data being stored.
Answer the following statement true (T) or false (F)
McClintock Inc had the following information available from its 2011 balance sheet and income statement: Insurance expense $15,000 Prepaid insurance - beginning 30,000 Prepaid insurance - ending 25,000 What amount would be reported as cash outflows for insurance on the statement of cash flows for 2011 using the direct method?
A) $70,000 B) $10,000 C) $20,000 D) $25,000